State Quick Facts
- Nickname: Hoosier State
- Capital: Indianapolis
- 2016 Population: 6,633,053
- Gross State Product: $341.9 billion
- Total Nonfarm Employment: 3,075,400
- Governor: Eric Holcomb (R)
- Senators: Todd Young (R), Joe Donnelly (D)
- Representatives: 9
Support For Local Business
Governor Eric Holcomb (R) “Small businesses are both the life blood and the backbone of our economy.”
(Governor Eric Holcomb, Holcomb: Small businesses are the backbone of Indiana’s economy, http://www.theindychannel.com. 2/5/17)
Representative Jackie Walorski (R) “The risk that is taken by small business in this country is unparalleled, because there is no backstop, but the backstop that you seem to be asking us for is a tax reform that works for you, not against you. It works for your future employees, not against them. It allows all ships to rise in this country.”
(Representative Jacki Walorski, “Walorski: Small Businesses Need “Tax Reform That Works For You, Not Against You,” https://walorski.house.gov/small-business-tax-reform. 7/13/2017)
Indiana’s 504,377 small businesses represent 99.4% of all employers in the state and employ 1.2 million workers.
Women-owned businesses make up 162,700 of Indiana small businesses.
Veteran-owned businesses make up 45,100 of Indiana small businesses.
A total of 8,585 companies, which operate internationally, competing in global markets on a daily basis for inputs, capital, and customers, export from Indiana.
Indiana exports reached $34.7 billion in 2016, with products and services going to over 201 countries.
Six Fortune 500 companies are headquartered in the Hoosier State.
Sources: Small Business Administration, U.S. Census Quickfacts, Business Roundtable, International Trade Administration, Fortune 500, FRED Economic Data, Bureau of Labor Statistics